# Six Years of Silver Deficits Meet a Sovereign Mineral Scramble Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/six-years-of-silver-deficits-meet-a-sovereign-mineral-scramble--accd87a7-bb5f-4cc7-9a73-7ee20128aeb2 Original source: https://money.tmx.com/en/quote/BKRRF/news/4564489754078331/six-years-of-silver-deficits-meet-a-sovereign-mineral-scramble Publisher: tmx Original announcement: 2026-05-07T13:04:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Blackrock Silver Corp. - Ticker: BKRRF - Exchange: TSX - Region: Nevada - Primary commodity: Silver - Secondary commodities: Gold - Document categories: Drill results, Resource update, Other - Extracted: 2026-09-13 14:38:22 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Blackrock Silver Corp. released an updated Preliminary Economic Assessment for its Tonopah West project in Nevada, reporting a 28% After-Tax IRR and US$437 million NPV. The update highlights a significant increase in Indicated resources to 40.2 million AgEq ounces at 454 g/t AgEq. Reasoning: The document reports a major resource upgrade for Tonopah West, with Indicated resources nearly doubling and a strong PEA showing high IRR and NPV. - Positive factor: Significant Indicated resource growth - Positive factor: Strong project economics \(28% IRR\) - Positive factor: High-grade silver-equivalent grades Facts used in scoring: 6 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: Indicated resources increased 90% from a previous estimate that was entirely inferred. Evidence · text > Indicated resources increased 90% to 40.2 million AgEq ounces **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Southern Silver reported 201 g/t silver which is exceptionally high grade. Evidence · text > 201 g/t silver ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Drill Results (6) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/six-years-of-silver-deficits-meet-a-sovereign-mineral-scramble--accd87a7-bb5f-4cc7-9a73-7ee20128aeb2#fact-drill-facts-0) Tonopah West · silver #### Identity - Project: Tonopah West - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: BKRRF #### Classification - Mining Method: unknown #### Metal Equivalent - Metal Eq. Grade: 454 - Metal Eq. Unit: g/t AgEq #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: Indicated resource grew by 90% compared to the previous estimate which was entirely inferred. - Positive factor: Significant tonnage growth - Positive factor: Category upgrade from inferred to indicated Evidence · text > Indicated resources increased 90% to 40.2 million AgEq ounces at 454 g/t AgEq #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/six-years-of-silver-deficits-meet-a-sovereign-mineral-scramble--accd87a7-bb5f-4cc7-9a73-7ee20128aeb2#fact-drill-facts-1) Tonopah West · silver #### Identity - Project: Tonopah West - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: BKRRF #### Classification - Mining Method: unknown #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: Large inferred resource provides significant upside potential but lacks geological confidence. - Positive factor: Large scale inferred resource - Negative factor: Speculative category Evidence · text > An inferred resource of 83 million AgEq ounces #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### AT25-08 [Link to this fact](https://atlas-extractions.minestarters.com/news/six-years-of-silver-deficits-meet-a-sovereign-mineral-scramble--accd87a7-bb5f-4cc7-9a73-7ee20128aeb2#fact-drill-facts-2) IMA Mine · tungsten #### Identity - Hole ID: AT25-08 - Project: IMA Mine - Commodity: tungsten - Region: usa\_id - Reported Region: usa\_id - Ticker: BKRRF #### Geometry - Grade: 0.39 - Grade Unit: % - Intercept: 8.626 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: Strong tungsten intercept in a polymetallic vein system. - Positive factor: Significant tungsten grade Evidence · text > 28.3 feet at 0.39% WO3 \(including 5.5 feet at 0.82% WO3\) in hole AT25-08 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### AT25-08 [Link to this fact](https://atlas-extractions.minestarters.com/news/six-years-of-silver-deficits-meet-a-sovereign-mineral-scramble--accd87a7-bb5f-4cc7-9a73-7ee20128aeb2#fact-drill-facts-3) IMA Mine · tungsten #### Identity - Hole ID: AT25-08 - Project: IMA Mine - Commodity: tungsten - Region: usa\_id - Reported Region: usa\_id - Ticker: BKRRF #### Geometry - Grade: 0.82 - Grade Unit: % - Intercept: 1.676 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: High grade sub-interval within the main intercept. - Positive factor: High grade sub-interval Evidence · text > 5.5 feet at 0.82% WO3 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### AT25-09 [Link to this fact](https://atlas-extractions.minestarters.com/news/six-years-of-silver-deficits-meet-a-sovereign-mineral-scramble--accd87a7-bb5f-4cc7-9a73-7ee20128aeb2#fact-drill-facts-4) IMA Mine · tungsten #### Identity - Hole ID: AT25-09 - Project: IMA Mine - Commodity: tungsten - Region: usa\_id - Reported Region: usa\_id - Ticker: BKRRF #### Geometry - Grade: 0.33 - Grade Unit: % - Intercept: 7.986 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: Consistent tungsten grade supporting continuity. - Positive factor: Consistent tungsten mineralization Evidence · text > 26.2 feet at 0.33% WO3 in AT25-09 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### AT25-10 [Link to this fact](https://atlas-extractions.minestarters.com/news/six-years-of-silver-deficits-meet-a-sovereign-mineral-scramble--accd87a7-bb5f-4cc7-9a73-7ee20128aeb2#fact-drill-facts-5) IMA Mine · tungsten #### Identity - Hole ID: AT25-10 - Project: IMA Mine - Commodity: tungsten - Region: usa\_id - Reported Region: usa\_id - Ticker: BKRRF #### Geometry - Grade: 0.8 - Grade Unit: % - Intercept: 3.048 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: High grade tungsten intercept. - Positive factor: High grade intercept Evidence · text > 10 feet at 0.80% WO3 in AT25-10 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.